2506 N Clybourn Avenue,Chicago, IL 60614
Chicago, IL 60614
Description
"Exceptional Mixed-Use Investment Opportunity in Lincoln Park" Rare opportunity to acquire a highly versatile, solid brick, corner property in the sought-after Lincoln Park/Lakeview area, offering tremendous upside potential for investors, owner-users, developers, and entrepreneurs....... The main level features a character-rich 2,700 sq ft restaurant and bar complete with a fireplace, dual bar areas, exposed brick interior, two restrooms, and a commercial kitchen area...... The second floor includes a spacious owner's apartment featuring one bedroom, a fireplace, full bathroom, in-unit laundry, and a private outdoor balcony. Also located on the second level are two additional residential units consisting of one 2-bedroom apartment and one non-conforming 1-bedroom apartment, providing excellent income-producing potential...... The unfinished basement offers abundant storage space and includes a walk-in cooler. Outside, the property features a detached two-plus-car garage and a private patio area that could be utilized for outdoor dining, entertaining, or additional off-street parking. The site has the potential to accommodate approximately 10-12 vehicles...... The entire building (including apartments) has approximately 5,500 square feet and is zoned M1-2, providing flexibility for a variety of commercial, industrial, and investment uses...... The entire property is currently vacant, allowing a new owner immediate flexibility to renovate, reposition, lease, or occupy...... Property is being sold "AS-IS"...... This is an outstanding opportunity in one of Chicago's most desirable and dynamic neighborhoods.
Details
| MLS # | 12681126 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | Resale |
| Status | Active |
| Year | 1900 |
| Days On Site | 86 |
| Listing Provided By | Hometown Real Estate Group LLC | Brian Costello |
Features
| SQ Feet | 5,500 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Zoning | COMMR |
Interior
| Cooling | Central Air, Window Unit(s) |
|---|---|
| Fireplaces Total | 2 |
Exterior
| Roof | Membrane, Rubber |
|---|---|
| Foundation Details | Block, Brick/Mortar, Stone |
| Construction Materials | Brick |
Utilities
| Utilities | Electric to Site, Natural Gas Available, Water Available |
|---|---|
| Electric | Circuit Breakers, Service - 101 to 200 Amps |
Taxes
| Tax Year | 2024 |
|---|---|
| Tax Annual Amount | 34719 |
Area Information
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60614 |
| Area | CHI Lincoln Park |
| Listing VS Median (in 60614) | |
Price: $1,475,000 low | high Med: $517,000 sqft: 5,500 low | high Med: 1,302 $ / sqft: $268 low | high Med: $397 On site: 86 low | high Med: 16 | |
Market Activity 60614
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Learn More About This Property
| State | IL |
|---|---|
| County | Cook |
| City | Chicago |
| Zip Code | 60614 |
| Area | CHI Lincoln Park |
| Listing VS Median (in 60614) | |
Price: $1,475,000 low | high Med: $517,000 sqft: 5,500 low | high Med: 1,302 $ / sqft: $268 low | high Med: $397 On site: 86 low | high Med: 16 | |
